Harmony Gold Mining Company Limited (NYSE:HMY) Stake Reduced by Van ECK Associates Corp

Van ECK Associates Corp decreased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,889,782 shares of the mining company’s stock after selling 6,005,306 shares during the period. Van ECK Associates Corp owned approximately 9.91% of Harmony Gold Mining worth $516,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Hara Capital LLC acquired a new stake in Harmony Gold Mining during the third quarter valued at approximately $38,000. Grove Bank & Trust lifted its position in shares of Harmony Gold Mining by 400.0% during the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock valued at $41,000 after acquiring an additional 4,000 shares during the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in shares of Harmony Gold Mining during the 4th quarter worth $88,000. Ground Swell Capital LLC acquired a new position in shares of Harmony Gold Mining in the 3rd quarter worth $115,000. Finally, Ballentine Partners LLC raised its position in shares of Harmony Gold Mining by 12.2% during the fourth quarter. Ballentine Partners LLC now owns 14,048 shares of the mining company’s stock worth $115,000 after purchasing an additional 1,533 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HMY shares. JPMorgan Chase & Co. increased their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Bank of America assumed coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating for the company. Finally, StockNews.com downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th.

Harmony Gold Mining Trading Down 1.8 %

HMY opened at $11.88 on Thursday. Harmony Gold Mining Company Limited has a 12-month low of $5.41 and a 12-month high of $12.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a fifty day moving average of $9.58 and a 200-day moving average of $9.85.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.